What is auto draft payment

Auto-Draft Bill Payment allows you to pay your utility bill by having the city deduct the total amount of your bill from your checking account at your financial institution. You save money on postage and envelopes. You save time by not having to write checks for your bill.

What is meaning of auto draft payment?

The Auto Draft Payment service automatically drafts your scheduled payment from your bank account.

How do I stop automatic draft payments?

Unlike a check, though, a bank draft is guaranteed by the issuing bank. The total amount of the draft is drawn from the requesting payer's account—their bank account balance decreases by the money withdrawn from the account—and is usually held in a general ledger account until the draft is cashed by the payee.

How do automatic bank drafts work?

A. Automatic Bank Draft is a service that allows you to automatically pay your monthly water bill using your checking account, but without writing checks.